On January 17, 2014, The Alkaline Water Company Inc. entered into an equipment lease agreement with Water Engineering Solutions, LLC to lease alkaline generating electrolysis machinery and equipment for the manufacture of its alkaline water product line. The term of the lease is 60 months. The total cost for the unit is $190,576.

The company agreed that there will be a down payment of $38,113.40 plus an origination fee of $1,420.25. In addition, the company agreed that the amount due at the signing of the agreement is $39,542.69 with the balance of $123,868.60 at a rate of 8% per annum for the term of the agreement and the residual amount of $28,585.05. For the term of the agreement, the company agreed to deliver to Water Engineering Solutions, LLC lease payments in the amount of $2,511.61 per month.